• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: SEC Sues Binance And CEO For Alleged Securities Fraud
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: SEC Sues Binance And CEO For Alleged Securities Fraud
Digitex City

Introducing Crypto’s Playground – Digitex City

Bitcoinist by Bitcoinist
3 years ago
in Industry
0

If you’ve been following the crypto space for some time you must have heard of Digitex Futures and its larger-than-life founder, former pit trader Adam Todd. The commission-free crypto derivates exchange has certainly grabbed its share of headlines. After all, with hundreds of exchanges vying for customers all competing with the same fee-charging model that extracts continuous profits from their users, the prospect of not paying fees is attractive to any trader. 

With the live launch that took place at the end of July 2020, Digitex has been heralded as a “scalpers’ paradise” and the ideal place for aggressive short-term traders to carry out their strategies. With appearances made by many crypto royals from Ivan on Tech to Trader Cobb and ReadySetCrypto’s Doc Severson, Adam and his team have truly created a product to be proud of. But, their ambitions for Digitex don’t stop at a zero-fee futures exchange.

Speaking to his community on Monday after releasing the new whitepaper for Digitex City, Adam said that he was pleased to see how well the exchange was working and how much traders were enjoying trading on the platform. 

The futures exchange with its one-click trading ladder and zero fees will always be his primary area of focus. However, while admitting his delivery on one promise, he also expressed his desire to push DGTX (the exchange’s native token) to $1. It hasn’t happened yet, but there’s a plan to take it there – Digitex City.

Digitex City Will Drive Demand for DGTX 

So, what exactly is Digitex City? As per the whitepaper, Digitex City is the evolution of the company beyond just a zero-fee futures exchange. The main purpose of Digitex City is to drive demand for the DGTX token and restrict it’s supply through staking, thus taking DGTX to $1 and beyond:

“Digitex is pivoting from being just a futures exchange to becoming Digitex City, a vibrant hub of activity centered around cryptocurrency trading, investing, gambling, and entertainment.”

Visitors to Digitex City (which the team is describing as “Crypto’s playground”) can earn money through traditional means like staking and trading, but they can also play poker, gamble, and even bet on key events such as eSports outcomes and even general elections. Every product and service in Digitex City is available with zero fees, building on the success of the exchange’s current model.

The native currency of Digitex City will be the DUSD, Digitex’s stablecoin which is currently being developed. And this virtual world that fulfills every trader’s desire will also comprise of a crypto-friendly social network where they can exchange ideas and banter, and an entertainment area in the form of the Digitex Playhouse, where traders can pay for private striptease dances by “hot” online webcam girls.

The aim of Digitex City is to provide more value than any other project in the space and become a one-stop-shop for all needs of traders. As Adam points out in the video, it’s essentially taking the most tried-and-tested industries in the world and moving them online.

The DUSD has a value of $1 but can only be created with $5 worth of DGTX as collateral, thus further restricting supply and providing stakers with rewards through the DGTX Staking Program. The DUSD will also remove the current problem of DGTX volatility while trading on the platform as its value will be fixed at $1.

“This means that DGTX is not just a speculative token that you hold waiting for the price to go up, it actually gives you a return, staking rewards,” Adam explains in the recording.

He goes on to say that he believes that trading, gambling, socializing with peers, and “paying girls to take their clothes off” will send the demand for DGTX skyrocketing and create crypto’s true playground.

When Is The Digitex City Coming to Life?

With so many ambitious products on offer, Digitex City won’t come to fruition all at once. However, as Adam clears up in the video, many of the products are already being worked on.

“This is not just an idea on a whitepaper,” he says, “This is something that we are working on right now.” 

We can expect to see the start of this brand-new journey in crypto from the first quarter of 2021, beginning with the exchanges, (futures, spot, and Forex). It will also integrate the webcam site straight away with the social network at its heart and gradually add more services throughout the year.

When you consider the sheer size of the online gambling industry set to reach $94 billion by 2024 and add in a zero-fee no house-edge casino, prediction market, and poker room… Digitex City is aiming for a slice of a very big pie. If this latest ambitious project from Adam and the Digitex team pays off, it could just take crypto adoption up to the next level.

Adam will be hosting one of his customary AMAs on the Digitex YouTube channel later this week. If you want to find out more about Digitex City, you can enter a question into this form here and he will answer it in the live session on Friday, September 11, at 13:00 UTC.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Phemex, The Web3 Trade Portal

Phemex, The Web3 Trade Portal

9 hours ago
Crypto Funding Protocol AngelBlock Offers Startups Up To 15K In Grants

Crypto Funding Protocol AngelBlock Offers Startups Up To 15K In Grants

20 hours ago
Traders Should Forget Dogecoin Price Predictions and Back These 3 Meme Coins – Here’s Why

Traders Should Forget Dogecoin Price Predictions and Back These 3 Meme Coins – Here’s Why

21 hours ago
Ripple Price Prediction as XRP Network Activity Spikes 2,600% – Are Low-cap Cryptos the Best Bet?

Ripple Price Prediction as XRP Network Activity Spikes 2,600% – Are Low-cap Cryptos the Best Bet?

22 hours ago
Introducing Gem Wallet: Your Open-Source DeFi Wallet

Introducing Gem Wallet: Your Open-Source DeFi Wallet

3 days ago
HedgeUp (HDUP) will 300x in 2023 – ArbDoge AI (AIDOGE) and Volt Inu (VOLT) Hope to Follow Suit

HedgeUp (HDUP) will 300x in 2023 – ArbDoge AI (AIDOGE) and Volt Inu (VOLT) Hope to Follow Suit

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    4 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    4 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    5 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Rollman Mining Marks Its Ascent as the World’s First...

    9 hours ago
  • Top Crypto Whales Think DigiToads (TOADS) And Monero (XMR)...

    9 hours ago
  • XT.com Lists NORDEK ($NRK) in its Main Zone

    9 hours ago
  • Hedera (HBAR) Investors are now Turning Their Attention to...

    11 hours ago
  • How a College Dropout Turned $200 into $2 Million with...

    15 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.